DA Davidson Reiterates Buy Rating for Armstrong World Industries (NYSE:AWI)

Armstrong World Industries (NYSE:AWI)‘s stock had its “buy” rating reissued by analysts at DA Davidson in a research note issued on Tuesday, Benzinga reports. They presently have a $215.00 price objective on the construction company’s stock. DA Davidson’s price objective would indicate a potential upside of 24.04% from the company’s previous close.

A number of other research analysts also recently commented on AWI. UBS Group reaffirmed a “neutral” rating and issued a $203.00 price target on shares of Armstrong World Industries in a research note on Wednesday, July 29th. Jefferies Financial Group reissued a “hold” rating and set a $190.00 price target on shares of Armstrong World Industries in a report on Wednesday, July 29th. Finally, Weiss Ratings downgraded Armstrong World Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 25th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $213.25.

Armstrong World Industries Trading Down 1.0%

Armstrong World Industries stock opened at $173.33 on Tuesday. The firm has a 50-day moving average of $168.62 and a 200-day moving average of $168.36. Armstrong World Industries has a one year low of $150.28 and a one year high of $206.08. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.52 and a quick ratio of 1.06. The company has a market cap of $7.32 billion, a price-to-earnings ratio of 23.74, a P/E/G ratio of 1.70 and a beta of 1.16.

Armstrong World Industries (NYSE:AWI) last announced its quarterly earnings data on Tuesday, July 28th. The construction company reported $2.36 EPS for the quarter, beating analysts’ consensus estimates of $2.25 by $0.11. The company had revenue of $472.00 million during the quarter, compared to the consensus estimate of $461.67 million. Armstrong World Industries had a net margin of 18.60% and a return on equity of 37.35%. The company’s quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter last year, the firm posted $2.09 EPS. Armstrong World Industries has set its FY 2026 guidance at 8.300-8.500 EPS. On average, equities analysts expect that Armstrong World Industries will post 8.39 earnings per share for the current fiscal year.

Armstrong World Industries declared that its Board of Directors has initiated a share repurchase program on Tuesday, July 21st that permits the company to repurchase $800.00 million in shares. This repurchase authorization permits the construction company to reacquire up to 12.3% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Institutional Trading of Armstrong World Industries

Institutional investors and hedge funds have recently bought and sold shares of the stock. California State Teachers Retirement System raised its position in Armstrong World Industries by 16,662.2% during the 2nd quarter. California State Teachers Retirement System now owns 8,625,142 shares of the construction company’s stock worth $1,383,645,000 after purchasing an additional 8,573,686 shares during the last quarter. BlackRock Inc. acquired a new stake in shares of Armstrong World Industries in the second quarter valued at about $827,239,000. Capital International Investors raised its position in shares of Armstrong World Industries by 1.0% during the fourth quarter. Capital International Investors now owns 2,321,993 shares of the construction company’s stock worth $443,736,000 after acquiring an additional 23,133 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of Armstrong World Industries by 18,679.7% in the fourth quarter. Bank of Montreal Can now owns 1,279,086 shares of the construction company’s stock worth $244,433,000 after acquiring an additional 1,272,275 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Armstrong World Industries by 6.5% in the fourth quarter. Geode Capital Management LLC now owns 1,015,154 shares of the construction company’s stock valued at $194,027,000 after acquiring an additional 61,647 shares during the last quarter. 98.93% of the stock is currently owned by institutional investors and hedge funds.

Armstrong World Industries Company Profile

Armstrong World Industries, Inc is a leading global manufacturer of commercial ceiling and wall solutions. The company offers a diverse portfolio of acoustical, decorative and specialty ceiling systems designed to enhance interior environments in offices, healthcare facilities, schools, retail outlets and other non-residential settings. Through its focus on performance, aesthetics and sustainability, Armstrong World Industries addresses both functional and design requirements for architects, contractors and building owners.

Armstrong’s product range includes mineral fiber, fiberglass, wood wool, metal and stone wool ceiling panels, as well as suspension and grid systems.